Description
Updates in progress include relocating dumpster to the back alley and building a fence enclosure. Recently completed updates include exterior paint, evaporative cooler installation for each unit, and updated bathrooms and kitchens for recently turned units. This great multifamily investment opportunity is in the University area near Kirtland Air Force Base, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. This cash-flowing four unit building is comprised of 1-bedroom, 1-bathroom units each with a living room, kitchen, and an enclosed back yard. The property is professionally managed and fully occupied. At an offering of $375,000, investment performance metrics include a 6.84% capitalization rate and a gross-rent multiplier of 9.30.
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1BEDS
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0.17ACRES
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1BATHS
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01/2 BATHS
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1,875SQFT
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$200$/SQFT
School Ratings & Info
Description
Updates in progress include relocating dumpster to the back alley and building a fence enclosure. Recently completed updates include exterior paint, evaporative cooler installation for each unit, and updated bathrooms and kitchens for recently turned units. This great multifamily investment opportunity is in the University area near Kirtland Air Force Base, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. This cash-flowing four unit building is comprised of 1-bedroom, 1-bathroom units each with a living room, kitchen, and an enclosed back yard. The property is professionally managed and fully occupied. At an offering of $375,000, investment performance metrics include a 6.84% capitalization rate and a gross-rent multiplier of 9.30.
IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-09-28T11:04:55.56.
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Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2022 Southwest Multiple Listing Service, Inc.